Just Retirement notches up sales of £350.1m in Q2
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Just Retirement has reported new business sales of £350.1m for the three months to the end of June, a 23.6% increase on the same period last year.
It announced £67.4m in equity release sales, up 1.4% on Q2 2010’s figure of £66.5m.
Rodney Cook, chief executive officer of Just Retirement, says: “These results demonstrate the resilience of our business model and commitment to extend our position in our chosen retirement market segments despite challenging market conditions.”
He adds that the group believes the equity release sector has significant potential for long-term growth, which will become more apparent as other distributors enter, while there is more product innovation following the Dilnot report.
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